Popular Posts
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- MEXICO: Indigena Michoacan Residents Defy Narcos.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
- MEXICO: C.Bank Bought...90 Tons Of Gold...In Past 3 Months.
- SERBIA: Singer "Ceca" Charged With Embezzlement.
- HONDURAS: Zelaya Free To Return...After Arrest Warrants Dismissed.
- EASTERN EUROPE: 17 Mar. UPDATE: 2 New Nukes...Still In Poles Future...Despite Japanese Tragedy; Merkel Imposes Old Nukes Moratorium; Czechs, Slovaks And Others Support New Nukes.
- ARGENTINA: Gen. Menendez...Gets Another Life Sentence...For Killing 5 During "Dirty War."
- MONDAY MORNING MUSIC: From USA: Katy Perry's "Rainbow."
- BRASIL: Prez. Rousseff Wants Vale's CEO Agnelli...Out.
04 February 2013
ARGENTINA / IMF : Cristina Freezes Prices...For 60 Days.
Last week...Argentina was formally censured by the IMF for its dubious inflation figures.
For years...Buenos Aires has claimed annual inflation rates of only 9%-11%...while economists have insisted the yearly rates have really approached...25%- 30%.
Consumers have grown frustrated...and angry.
Now...President Fernandez is freezing all prices in major supermarkets...for 2 months.
Large foreign chains like Walmart and Carrefour must keep prices unchanged until 01 April.
The government has set-up a hotline to report violations.
http://www.bbc.co.uk/news/business-21331052
